Deutsche Bank's electronic FX trading platform, AutobahnFX, has launched the first full service options orders platform, offering clients the ability not just to view streaming prices but also to place option orders in multiple ways, including in vol terms. In addition, the bank has committed to becoming the first bank to offer a "Deal done" pledge for electronic FX options trading.
The new FX options service, called the Automated Tool for Orders Management will provide clients with the ability to trade FX options in a flexible and personalised manner. Deutsche Bank was the first bank to offer streaming FX options prices and will now extend the service so that clients will have the opportunity to actively manage their positions by transacting within the given bid/ask spread.
Commenting on the new service, Kevin Rodgers, Global Head of FX Derivatives at Deutsche Bank said, "This new service is a direct response to requests from clients who want to ensure they're able to trade quickly and efficiently. We have a long standing commitment to the electronic trading market and are pleased we have the technology and resources to offer this service. We will continue to find new ways to innovate and to improve the service offering to clients."
The "Deal Done" pledge will involve changing Deutsche Bank's terms and conditions to commit to all trades being done unless there is a clear manifest error.
Comments Rodgers, "We know how frustrating it is for our clients to have a trade cancelled at the last moment due trade mispricing. We have the ability to ensure we can manage this risk and believe that offering clients this additional reassurance is key to building long term relationships as we help them to manage their daily FX requirements."
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For further information, please call:
Deutsche Bank AG
Phone: +44 (0) 20 7545 4249
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 81,929 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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